Similar like my previous analysis on DXY and EURUSD, I also see strong bullish opportunities on NZDUSD.
We can see price made a strong bullish impulse on the HTF, and begin to form into a deeper correction.
Price made a few swing highs and lows to form the bigger HTF structure. The LTF in addition is also forming bullish price action. We see a descending channel, correctively move down to a double bottoms, and a strong bullish reversal up on the LTF.
Now that price manages to break out of the LTF descending channel, expecting more bullish continuation correction to form and push the price up to the top of the HTF structure.
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